This audio (7 minutes) (see 'related links' below) made available by the European Payments Council () highlights the latest developments in the Single Euro Payments Area () reflected in the October 2012 edition of the free online Newsletter (see 'related links' below). This newsletter edition offers more information supporting, in particular, payment service users in the euro area to get ready for by 1 February 2014 as mandated with the European Union (EU) 'Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct debits in euro' (the Regulation). Chair Santamaría reports on best practice identified by early movers on the demand side who successfully concluded migration to the harmonised payment schemes and technical standards. These early movers advise: act now!
If you would like to comment on this article, please identify yourself with your first and last name. Your name will appear next to your comment. Email addresses will not be published. Please note that by accessing or contributing to the discussion you agree to abide by the EPC website conditions of use.